briannaodell27 briannaodell27

Today at 3:50 AM
Mathematics

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how much has to be invested at 5.1% interest compounded continuously to have 17,000 after 14 years???

Answer :

Otherones5 Otherones5

Today at 3:55 AM

[tex]A = Pe^r^t[/tex] so [tex]17000 = Pe^{(.051)(14)} [/tex] so [tex]P = 8324.5[/tex] roughly.

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Today at 3:55 AM

About 8500 hoped this helped

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